BOI MASTER INDIA Domestic Credit Card – Benefits, Fees & Eligibility

Introduction

The Master India Domestic Credit Card, issued by Bank of India (BOI) and operating on the Mastercard network, is positioned as a Classic card. It is designed for domestic usage within India and Nepal. Key benefits include 2X reward points on Point of Sale (POS) and E-commerce (ECOM) transactions and an interest-free credit period of up to 51 days with a revolving credit facility.

Fees & Charges Breakdown

• Issuance of the Master India Credit Card has been discontinued.
• The maximum cash limit is 50% of the total spending limit.
• The maximum amount of cash that can be withdrawn from an ATM is Rs. 15,000 per day.
• Interest-free credit is available for up to 51 days.
• A revolving credit facility is offered at a preferential rate.

Rewards & Cashback Structure

• Customers earn 2X Reward points on Point of Sale (POS) and E-commerce (ECOM) transactions.
• Blocked categories are excluded from earning reward points.

Card Eligibility Criteria & Income Requirements

• Eligible applicants include individuals, staff/non-staff, private limited companies, partnership firms, and public limited companies.
• Customers must have a steady source of income verifiable through Income Tax Returns.

Important Product Details

• The Master India Credit Card is a Classic card variant on the Mastercard network, available with Photo or Non-Photo options.
• Issuance of this credit card has been discontinued.
• The card is for domestic usage and is valid only in India and Nepal.
• The billing cycle starts from the 16th of the current month to the 15th of the next month.
• Payment is due on or before the 5th of the succeeding month, which is designed to suit the requirements of salaried individuals.
• Flexible credit limits are available for add-on cards.
• The card must be activated within 30 days from the date of issuance to avoid closure, as per RBI Guidelines.

Other Details

• Card Activation Methods:
  • Through BOI Omni Neo Mobile Banking App: Login to the app, go to 'Manage Cards', locate the card under the 'Credit Card' tab, select 'Activate Card', enter Expiry (MM/YY), verify with OTP, then choose to 'Set PIN Now' or 'Set PIN Later'.
  • Through BOI Internet Banking: Login to the Internet Banking platform, go to 'Pay' and select 'My Cards', locate the card under the 'Credit Card' tab, select 'Activate Card', enter Expiry (MM/YY), verify with OTP, then choose to 'Set PIN Now' or 'Set PIN Later'.
  • Through Branches: Branches can facilitate activation by raising a service request in the CRMNext portal, requiring the Customer ID and masked card number.
• PIN Generation Methods:
  • Through BOI Omni Neo Mobile Banking App: Login to the app, go to 'Manage Cards', under 'Credit Cards Section', select the active credit card, choose 'Set Card PIN', enter and re-enter the 4-digit PIN, and verify with OTP.
  • Through BOI Internet Banking: Login to the Internet Banking platform, go to 'Pay' and select 'My Cards', locate the card under the 'Credit Card' tab, under 'My Card Services', select 'Generate PIN', enter and re-enter the 4-digit PIN, and verify with OTP.
  • Through Branches: Customers can approach their nearest branch for availing InstaPINs for their credit cards.
• Setting Limits and Channels:
  • Through BOI Omni Neo Mobile Banking App: Login to the app, go to 'Manage Cards', under 'Credit Cards Section', select 'Set Limit And Channels', enable all Domestic/International limits or individually enable ATM/Tap and Pay/E-Commerce/Merchant Outlets, set limits by entering values or using a slider, then click 'Save Changes'.
  • Through BOI Internet Banking: Login to the Internet Banking platform, go to 'Pay' and select 'My Cards', locate the card under the 'Credit Card' tab, choose 'Set Limits and Channels', enable all Domestic/International limits or individually enable ATM/Tap and Pay/E-Commerce/Merchant Outlets, set limits by entering values or using a slider, then click 'Save Changes'.